The District of Canterbury Credit Union
Saving with the DCCU
- will help you
- and help your community as the DCCU is locally-based and uses its funds to provide loans to fellow-members.
Your savings are absolutely safe since Credit Unions are regulated by the Financial Services Authority. Our funds, like those of banks and building societies, are protected by the Financial Services Compensation Scheme.
Saving with the Credit Union is a good bet for people who want their money tucked away, and not easily accessed through a 'hole-in-the-wall' machine.
Savings can be withdrawn by filling in a withdrawal form (G). You receive your money within a few days.
Credit Unions do not pay interest on savings but they use any profits to pay a dividend to savers.
Ordinary Savings Account
When you join the DCCU
- you are asked to pay a minimum of £5 into a savings account.
- To remain a member you must keep at least £5 in your savings account.
Christmas Savings Account 2010
As well as opening an ordinary savings account, you can also join our Christmas savings scheme. If you
- save £100 through this scheme
- over a period of 20 weeks
- without making any withdrawals,
you will receive a £5 bonus in December.
To join this scheme, fill in a Christmas savings form (AX) and take it to one of the branch offices. This account may be withdrawn at any time.
How to save regularlyYou can to this
- EITHER by using a paying-in book which enables you to pay cash or cheques into the Credit Union account at any branch of Barclays Bank
- OR by completing a standing order form so that money is regularly transferred from your bank current account to your Credit Union account.
- You can obtain paying-in books and standing order forms from any of the branch offices.
- Some employers offer a salary deduction scheme. This means savings are taken directly from wages, before they even reach you, and are paid straight into your DCCU account.
